Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

Apparently you also do not understand contacts.

Here is exactly what was said by Nasrat in the 2023 Q2 CC.

Does Elite now own all of Mikah share of Adderall? No. The Board of Directors actually came up with a plan and an offer, which was acceptable. And then as soon as that happened, we received an official notification from Lannett terminating the agreement, and we decide to go for sales and marketing group.

So if someone puts an offer on my house and I say that offer is acceptable, but I do not actually sell it to them or sign anything at that time because they then say they don't have the money to meet the terms, I am not obligated in anyway, if they come back 3 years later saying they have the money and want the same or any deal. I can look at them and say, nope I no longer want to sell my house or I can say, nope I want more money. What was acceptable in 2023 Q2 timeframe is not likely to be acceptable in 2025 Q3.